Vantage Why US is funding an India-backed port in Sri Lanka

News Snapshot:

In a significant development in Sri Lanka, the United States has stepped into a turf war between India and China over the Colombo Port. While India and China have been the main contenders in this strategic location, the United States has now thrown its hat into the ring aiming to contribute to the expansion of the Colombo Port. This move involves a substantial financial commitment emphasizing a commitment to high-quality, transparent and debt-free infrastructure development. Colombo Port expansion project The focal point of this development is the Colombo Port, one of Sri Lanka’s most crucial maritime assets. Currently undergoing expansion,...